Four key lessons from Anglo case

The Anglo trial raises the question: can legal advice make legal a transaction that is on the edge of legality? Niamh Brennan reports.

4th May, 2014
Had the Anglo board been properly independent, would the events that brought the country to its economic knees, and that led to this case, have happened?

Reflecting on the Anglo case, and this week's sentencing of two executive directors for lending company money to the Maple Ten to buy shares in Anglo itself (called a share support scheme), four key issues come to mind: the importance of board independence, the distinction between executive and non-executive directors, the question of whether directors can rely on the advice of experts, and moral hazard.

The problem with companies, especially publicly listed companies, is that...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago